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    121 16Th St Ashland, KY 41101

    Sponsored
    For Sale
    $875,000

    Prime location, high income potential.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, the "Identity Complex," presents a compelling investment opportunity in Ashland, KY's vibrant downtown business district. Located at 121 16th St, 41101, this three-building complex occupies nearly half a block between 16th and 15th Streets, bordering Greenup Ave and the floodwall. The 10,000 square feet of space is currently 75% occupied by six tenants, generating immediate income. Built in 1900 and extensively renovated in 2023, the property boasts a total of 10,000 square feet of air rights and features a two-story design. The property is zoned for commercial use, offering significant potential for further development. Imagine transforming additional space into lucrative loft apartments or expanding existing commercial areas. Detailed financial records are available, providing transparency and confidence in this investment. This is a rare chance to acquire a substantial income-producing asset in a thriving Kentucky location, just one block from the Delta Hotel. The asking price is $875,000, representing a price per square foot of $87.50.

    Property Features for 121 16Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    10,000 SF

    Building Details

    Year Built/Renovated
    1900/2023
    Buildings
    3
    Stories
    2
    Units
    6

    HighLights

    • High‑yield, mixed‑use investment opportunity in Ashland, KY's vibrant downtown business district.
    • Prime location: Half‑block site between 16th & 15th Streets, bordering Greenup Ave and the floodwall, one block from the Delta Hotel.
    • Currently 75% occupied by six tenants, providing immediate cash flow.
    • Significant redevelopment potential: 10,000 square feet with additional air rights, allowing for loft apartments or commercial expansion.
    • Recently renovated (2023) three‑building complex totaling 10,000 square feet; detailed financial records available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Correct Construction Inc General Contractor Thrive Ministries Church Brittany Hall Beauty Make-Up Artist Sculpt The Collective Spa Heather Lynn Photography Photography Studio

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.6386342
    Latitude
    38.480355

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, high income potential.
    Where is this mixed-use property located?
    The property is located at 121 16Th St Ashland, KY.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: High-yield, mixed-use investment opportunity in Ashland, KY's vibrant downtown business district.; Prime location: Half-block site between 16th & 15th Streets, bordering Greenup Ave and the floodwall, one block from the Delta Hotel.; Currently 75% occupied by six tenants, providing immediate cash flow.
    Request Owner's contact information
    121 16Th St Ashland, KY 41101
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    Ashland, KY 41101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 16Th St Ashland, KY 41101
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